DoorDash, Inc. (NASDAQ:DASH) COO Sells 20,000 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) COO Prabir Adarkar sold 20,000 shares of DoorDash stock in a transaction on Friday, March 28th. The shares were sold at an average price of $185.58, for a total value of $3,711,600.00. Following the sale, the chief operating officer now directly owns 887,348 shares of the company’s stock, valued at approximately $164,674,041.84. The trade was a 2.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Prabir Adarkar also recently made the following trade(s):

• On Thursday, February 20th, Prabir Adarkar sold 20,161 shares of DoorDash stock. The shares were sold at an average price of $203.45, for a total transaction of $4,101,755.45.
• On Thursday, January 23rd, Prabir Adarkar sold 20,000 shares of DoorDash stock. The stock was sold at an average price of $180.83, for a total value of $3,616,600.00.

DoorDash Trading Down 0.2 %

Shares of NASDAQ:DASH traded down $0.35 during trading on Tuesday, reaching $182.42. 3,724,287 shares of the stock were exchanged, compared to its average volume of 4,120,695. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25. The stock has a 50-day moving average price of $192.17 and a 200-day moving average price of $172.76. The firm has a market cap of $76.63 billion, a PE ratio of 675.63 and a beta of 1.70.

Institutional Trading of DoorDash

Institutional investors have recently added to or reduced their stakes in the company. GeoWealth Management LLC lifted its holdings in shares of DoorDash by 3.7% during the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company’s stock worth $240,000 after buying an additional 51 shares in the last quarter. IFP Advisors Inc raised its stake in DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after purchasing an additional 54 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after purchasing an additional 69 shares during the period. Avestar Capital LLC boosted its holdings in DoorDash by 1.1% in the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock valued at $1,110,000 after purchasing an additional 75 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of DoorDash by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock worth $1,970,000 after purchasing an additional 84 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. The Goldman Sachs Group upped their target price on shares of DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Oppenheimer reiterated a “hold” rating on shares of DoorDash in a research report on Monday, March 10th. Argus upgraded DoorDash from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Loop Capital raised their price objective on shares of DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, February 24th. Finally, Citigroup reiterated a “buy” rating on shares of DoorDash in a research report on Saturday, March 8th. Ten analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.21.

About DoorDash

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.